Congress Probes Reserve Board Credit Policy
Governor Harding tells congressional commission the Federal Reserve has twelve reserve banks and can shift funds to prevent local money shortages. He defends actions during the 1920 crisis, notes mem ber banks bear primary responsibility, and says high interest rates could have curb ed price spikes. He denies a botched policy to dampen prices and says bankers spread a "buck-passing" sentiment to avoid alienating customers.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve System
Keneral Reserve Bank
Reserve Board
Millis
Lawirou Kepp
Wisconsin
Cuba
Parding
Lentnot
Harding
Sumners
Dem
Texas
Lhaan
Reserve Bank
Not Too Exacting We Are Not Punctilious About Scenery
A fragmentary note from a St Louis Globe-Democrat page mentions filming quality and a telegraph pole scene with a character named Jennings. The wording hints at discussions of scene realism and production details in a movie context.
MENTIONED IN THIS ARTICLE
Caesar
Jenning
St. Houls Globe
National League and American League scores from Friday
National League games show Roatonm 6 to 1 over Pittebarah, Brooklyn 6 over Cincinnati, New York 1 to 0 over St Louis, and Chicago with New York 7 to 1. In the American League Philadelphia 4 beat St Louis 8, Washington and Cleveland results uncertain.
MENTIONED IN THIS ARTICLE
Peret
Pittsburgh
New York
Mm. Louis
Eeeeteenreee
Cincionati
Philadelpha Bedri Teen
Cleveland
Aubank
Washington
Detroit
Boston
Rodm Serene
Philadelphia
National League
Roatonm
Pittebarah
Ladelpha
Brooklyn
Cincinnati
St Louis
American
Ae Kosten
Chicago
Betroyt
St. Louie
Indicted banker seeks surrender for reward in trust company case
A Chicago man offers to give up Spurgin, once president of a Michigan Avenue trust firm, for 815000 in a high profile case. A telegram from Chibusbus, Mex, notes a price, while Spurgin is described as hiding beyond police reach. The source mentions a potential 15000 reward and that 2500 does not interest the broker.
MENTIONED IN THIS ARTICLE
Chieace
C. Clinton
Chicago
Waerream CC
Spurgin
Michigan Avenue ‘Trust Company
Chibusbus
Mex
Howe Bourgia
U. S. Plans Libel Action Over British Schooner Henry L. Marshall
Washington reports the justice department contemplates libel proceedings in New York to seize the British schooner Henry L. Marshall suspected of liquor smuggling. Acting Attorney General Gof announced a forfeiture proceeding may be sought.
MENTIONED IN THIS ARTICLE
Washington
New York
Henry L. Marshall
Justice Department
Gof
Spanish Forces Defeated in Morocco Near Melilla
Dispatches report a severe Spanish defeat in northeastern Morocco. Mor rebels besieged forces at Mount Arrauit surrendered. Nador and Zeluan evacuated. 5,000 prisoners claimed. Last remnants massacred after eleven days holding out. Negotiations for ransom are under way.
MENTIONED IN THIS ARTICLE
Paris
France
Morocco
Oran
Algiers
Melilla
Navarro
Mount Arrauit
Madrid
Spain
la Voz
Nador
Zeluan
Metilla
Stolen Mail Funds Scattered Across Illinois and Wisconsin
Federal authorities reveal a vast system for disposing stolen securities through small Illinois and Wisconsin towns. Charles W. French, linked to John W. Worthington, was arrested after an auto crash left him injured. Authorities expect further arrests as the investigation expands.
MENTIONED IN THIS ARTICLE
Chicago
Wes
Tendie
Cyoth
French
Activitee of
Wartlington
Eves Wackened
Auditorium Hotel
United States
John Orees
Alffrengh
Worthington
Alva Pharechurein
Worthington Ald
Harschman
Hawkins
Mimde
Meveland
Frenel
Arent
Chars
Rccorts
Fortey Jolie Lane and Freneh Firm Linked to Central Securities Scandal
French and Col Clinnin allege Worthington Central Securities fed loans to foreign banks using deatings and stolen gilt-edge securities. Banks fear loss of hundreds of dollars worth of bombet as federal officials investigate the fraudulent ties between French, Jones, Worthington, and the Central Securities firm.
MENTIONED IN THIS ARTICLE
Fortey
Aelvee
Hix Ff Jones
Worthington
President Harding Visits Army Hospital During Mountain Vacation
President Harding interrupted a Mount Froxpect vacation to visit the Gorwag Army Hospital, meeting injured servicemen and showing concern for the care of veterans. The move aligns with his ongoing focus on hospitalized ex service members and their welfare. The article also notes a decentralization push in rehabilitation services, granting district officers authority over teachers and nurses to streamline veteran training.
MENTIONED IN THIS ARTICLE
Lancaster
N. W
Harding
Mount
Army
Gorwag
Hardee Weeny Teres
Washington
New Hampshire
Secretary Hughes Sends Note on Far East and Disarmament
Washington notes indicate new diplomacy on Yap and Mesopotamia plus broader disarmament aims. President Harding’s representative Colonel Harney will push the Paris conference agenda at the supreme council meeting in Paris next Monday. If Paris bases a settlement by May, Wellington conference work could advance. British and French co operation discussed.
MENTIONED IN THIS ARTICLE
Hughes
Japan
Far East
Washington
Varia
Harner
Supreme Council
Inteenaeonint
United States
Great Britain
Dagan
Vrance
Italy
Owe
Paris Xensions
London
United States Sends New Communion To Tokyo On Disarmament
The Daily Chronicle reports Washington has dispatched a communication to Tokyo urging global disarmament and a Far East conference. It notes November 11 as a proposed date for the conference and discusses U S cooperation as a guiding principle in world affairs.
MENTIONED IN THIS ARTICLE
Tiers
United States
Daily Chroncte
Washington
Tokyo
Jearner
Two Children and Chestnut Horse Die in Lightning Storm
In Tallahassee Ale Aug 6 a lightning bolt struck a mule team used for timber to a railroad. A 1-year-old white boy Lawrene Haynie was killed instantly along with a dog and another child. the other horse and owner suffered injuries as witnesses fled the heat under a tree. All four owners were killed. the blast tore through harness traces and damaged gear.
MENTIONED IN THIS ARTICLE
Tallahassee
Ale
Lawrene Haynie
Tere Necro
Neers
Ie Seete
New Liquor Ruling Defines Sacramental Sales
Washington August 6 Internal Revenue Commissioner Blair announced a ruling clarifying that wine and liquor sold for sacramental use are restricted to approved purposes. The decision limits sales to recognized religious ceremonies and prohibits general distribution for other uses.
MENTIONED IN THIS ARTICLE
Internal Revenue
Blair
Waoshington
Revival in Trade Arises in August Review
Dan's Review notes revival in trade after months of liquidation with clearer demand for new supplies. Textile markets show firmer trading, some gains in iron and steel, and improved sentiment despite irregular progress postwar readjustment. July bankruptcies rise slightly but remain well below March peak. overall indebtedness easing.
MENTIONED IN THIS ARTICLE
New York
Dan
Tess
Dun
Mexico Imposes Auto Import Tax by Presidential Decree
Mexico imposes an import tax on American cars effective August 1. The levy starts at 70 centavos per kilogram for the first 250 kilograms, 60 centavos for the next 100 kilograms, and 30 centavos for every kilogram over 350 kilograms. Estimated tax on a 1 000 pound car is about 200 dollars.
MENTIONED IN THIS ARTICLE
Houston
Tex
Atty
Oarra Lew Mestesn
Obregon
Mexico
Senor Leal
Germans and Czechs clash in Prague amid tense parliament sitings
In Prague yesterday a German and Czech clash left one worker dead and ten wounded as German crews and Czech gendarmes and legionaries fought near a forbidden mass meeting. The dispute spilled from Prague parliament sessions to calls for parliament guard deployment.
MENTIONED IN THIS ARTICLE
Prague
Czecho-Slovakia
Senate
Slayers Die at Butte Ment Execution Reading
A garbled account describes the planned execution of two men in Butte involving a witness from California. The fragment mentions motive related to burglary and a location near Aveenet, with unclear names and specifics due to OCR errors.
MENTIONED IN THIS ARTICLE
Butte
Ment
Awe
J. Prenait
Mente Ty Y
Ore Chranes
Payroll Hold Up Reported Near Shadyside
Six armed bandits robbed the Barrett Manufacturing paymaster at Shadyside, Nes Jersey, escaping with a payroll estimated between 40089 and 30000 dollars. The county prosecutor’s office was notified of the incident.
MENTIONED IN THIS ARTICLE
Six Bandits
Red Paymaster of
Jarrett Manufacturing
Shadyside, NY
Finckensack
N. J
Barrett Manufacturing Company
Shadyside
Bandits Rob Train Express at Beecher City
Bandits halted a Dalthmere and Obie passenger train at Beecher City, seized an Express messenger, and fled five miles south with the sealed express pack. Officials estimate the Baltimore and Obie train robbery loss will not exceed 900 dollars.
MENTIONED IN THIS ARTICLE
Greenville
Dalthmere
Obie
Beecher City
What
Canent
Brecher Clay
Expres
Springfield
American Railway Espress Company
Express
Greeks Hunt Munitions Ship Sighting in Athens
Athens reports the Greek ministry of marine says a steamer sailed from New York on July 23 carrying munitions for Turkish nationalists. Greek authorities were warned to intercept the vessel if located, amid tense international relations.
MENTIONED IN THIS ARTICLE
Navy
New York
Athens
Aus
Greek Ministry of Marine
Tin Says
Also Mentioned on This Page
Dov
U. S
Congressional Commission
Aska
Department of Justice
Ciarmed Worthington Aid
Milnois
G. W. French
Ava
Mountains
Aussig
Aske
Rob Express
Robbie
Wight
Cailing
Soebbie
Barbie
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